In 2023, Italy led European fuel oil consumption in the iron and steel sectors, with a significant proportion of 37.3 thousand tonnes of oil equivalent. Other notable consumers include Spain (24.78) and Macedonia (18.17), with varying levels of decline or growth, such as a 1.71% increase in Macedonia. Sweden and the UK witnessed substantial declines of 10.97% and 12.04% respectively. Notably, Belgium saw a 5.83% increase, while France experienced a significant 27.55% drop, among the biggest reductions in this sector.
Future Trends to Watch:
- Continued fluctuations in European energy policies could further impact fuel oil consumption in the iron and steel sectors.
- The shift towards renewable energy and decarbonization efforts may lead to a steady decline in fuel oil usage.
- Industrial innovations and improved efficiencies might alter country-level consumption patterns significantly.
Top countries in Fuel Oil Final Consumption in Iron and Steel Sectors Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.3 | 2023 | +2.24% | -1.49% | View data |
| 2 | 2 Spain | 24.78 | 2023 | -0.56% | -6.11% | View data |
| 3 | 3 Macedonia | 18.17 | 2023 | -0.051% | +1.71% | View data |
| 4 | 4 Sweden | 13.71 | 2023 | -9.72% | -10.97% | View data |
| 5 | 5 United Kingdom | 3.23 | 2023 | -13.52% | -12.04% | View data |
| 6 | 6 Belgium | 1.55 | 2023 | -1.17% | +5.83% | View data |
| 7 | 7 Slovakia | 0.27 | 2023 | 0% | View data | |
| 8 | 8 Austria | 0.18 | 2023 | -70.27% | -17.06% | View data |
| 9 | 9 Greece | 0.17 | 2023 | -19.57% | -9.49% | View data |
| 10 | 10 France | 0.081 | 2023 | -52.04% | -27.55% | View data |
